An NFA Hearing Panel issued a Decision finding that IKON Global Markets violated NFA Compliance Rule 2-36(c), as alleged in Count I of the Complaint, and ordered the firm to pay a $20,000 fine by April 18, 2010. The Panel dismissed Count II of the Complaint, which was that the firm failed to adopt enhanced supervisory procedures. On November 17, 2009, NFA issued the Complaint charging IKON with failure to observe high standards of commercial honor and just and equitable principles of trade; and failure to adopt enhanced supervisory procedures. On December 21, 2009, IKON filed an Answer to the Complaint in which it denied the material allegations contained therein.